New Relic (NYSE:NEWR) issued its earnings results on Tuesday. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07, Briefing.com reports. The business had revenue of $132.10 million for the quarter, compared to analyst estimates of $128.19 million. New Relic had a negative net margin of 6.96% and a negative return on equity of 6.08%. New Relic’s revenue was up 34.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share.

Shares of NEWR stock traded down $4.91 on Wednesday, hitting $102.20. The stock had a trading volume of 21,411 shares, compared to its average volume of 733,141. The company has a market cap of $5.90 billion, a P/E ratio of -138.65 and a beta of 1.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.53 and a quick ratio of 3.53. New Relic has a 12-month low of $70.30 and a 12-month high of $114.78.

Several research firms have weighed in on NEWR. Needham & Company LLC upped their price objective on shares of New Relic from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday. Wedbush restated an “outperform” rating and set a $124.00 price objective on shares of New Relic in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and set a $118.00 price objective (up previously from $110.00) on shares of New Relic in a report on Thursday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of New Relic to $114.00 and gave the stock an “overweight” rating in a report on Thursday, February 7th. Finally, DA Davidson restated a “buy” rating on shares of New Relic in a report on Thursday, February 7th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $117.42.

In related news, CFO Mark Sachleben sold 22,641 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $106.53, for a total transaction of $2,411,945.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James R. Gochee sold 1,624 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $106.82, for a total transaction of $173,475.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,341 shares of company stock valued at $13,058,174. 20.40% of the stock is currently owned by corporate insiders.

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About New Relic

New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

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Earnings History for New Relic (NYSE:NEWR)

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